John and Jean have a large sum of money. They want to know how much their taxable estate and their estate tax will be if they were to die (based on current exclusion amounts and tax rates). They are wondering how much of their estate they can transfer through regular gifting and educational gifting to their children, in-laws, and grandchildren. They would like to know your recommendation...should they begin giving the gifts? ASSUMPTIONS: --The federal Gift Tax Exclusion is $15,000 per year. --John and Jean have $20,000,000 (mostly cash with some small amount of real estate). --They owe $500,000 on a mortgage